My fiance and I want to buy a house. He has a high credit score and a full time factory job. I am currently an unemployed, part-time student with $7200 credit card debt from school.
We were thinking if I should be put on the mortgage or would the fact that I am unemployed with debt hurt our chances of a loan.
My credit score is 730 and my report shows that I've never been late on a payment.
The house we want to purchase is in the 75,000 - 90,000 range.
He's thinking of putting his brother who is employed with lesser debt, but lesser credit score than mine on the mortgage and I'm wondering which will increase our chances of getting the loan. His brother will be living with us.
Thanks so much for you help,
Melbel